Dow is off by 190 and the Nasdaq is strong. It’s weaker than earlier, but strong. People want to own stocks — because why the fuck not. We should not be owning anything now, all things considered. But if we are anything at all, we are slaves to fashion.
This morning I liquidated several positions in an effort to raise cash. One of them was one of two of my hedges, FAZ. I probably sold it early — but I did not want to own it and see my gains dissipate.
More or less a wash. When I’m positioned wrong, my knee-jerk reaction is to slow things down by raising cash. I’m uncertain about where stocks close by Friday — but I am pretty sure the fuckers in Washington will do everything in their powers to rig it higher.If you enjoy the content at iBankCoin, please follow us on Twitter